(Reuters) - New York state energy regulators on Monday approved a plan to pay several upstate nuclear power plants up to $965 million over two years to keep the reactors in service and meet the state's carbon reduction goals.Read Full Article →

(Reuters) - China slapped fines of more than $300,000 on the Ritz Carlton and Crowne Plaza hotels in Beijing, along with four other companies for using recent tax reforms to justify price increases.Read Full Article →

IRS has announced that on Jan. 1, 2017, Treasury will begin updating the list of countries with Model 1 and Model 2 intergovernmental agreements (IGAs) to provide that certain jurisdictions that have not brought their IGA into force will no longer be treated as if they have an IGA in effect. Such jurisdictions that wish to continue to be treated as having an IGA in effect must provide an explanation of why the IGA hasn't been brought into force and a plan for doing so, by Dec. 31, 2016, to Treasury.Read Full Article →

(Reuters) - Ride-hailing service Uber has decided to invest $500 million into an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driverless cars, the Financial Times reported on Sunday.Read Full Article →

(Reuters) - Health insurer Cigna Corp reported a lower-than-expected quarterly profit due to losses in its group disability and life business, and said it would look at acquisition targets if its proposed takeover by Anthem Inc did not materialize.Read Full Article →